January 22, 2026
by in News

Renewables account for 99% of Turkey’s net electricity capacity additions

Electricity capacity in Turkey reached 122 GW in 2025, of which 62% was from renewable sources, according to the SHURA Energy Transition Center. Photovoltaics grew by 4.9 GW, compared to 1.7 GW in the wind power segment. Renewables made up 99% of the net additions, amounting to 6.3 GW, the think tank calculated. This year, however, the first unit of the Akkuyu nuclear power plant is scheduled to come online, adding 1.2 GW.

Gross electricity production in Turkey increased 2% last year, to 360 TWh, the SHURA Energy Transition Center estimated in a new report. The share of renewables dropped to 44.1% from 46%. Namely, hydropower output is on a downward trajectory, due to droughts. Wind, solar and geothermal power rallied to 24.6%, though. Photovoltaics and wind power together surpassed 20%.

Renewables continue to dominate the sector’s development, accounting for 99% of the overall 6.3 GW in net additions, the think tank calculated. The total reached 122 GW. Renewable sources made up 62%, compared to 59.7% in 2024.

Solar power surged by 4.9 GW and the wind power capacity jumped by 1.7 GW, while the natural gas item declined by 684 MW.

Importantly, the picture is about to change, as the first, 1.2 GW reactor in Akkuyu, Turkey’s first nuclear power plant, is scheduled to be commissioned this year. Coal plant projects remain dormant and uncertain.

Race to 2035 targets

Daily power consumption reached an all-time high of 1,244 GWh on July 29. SHURA attributed the record to cooling demand caused by rising temperatures.

To reach the 2035 targets, an average of 8 GW of combined solar and wind capacity must be commissioned each year. The high momentum is expected to continue in 2026, the report reads. The government aims to hit 120 GW altogether from the two technologies, against the current 40 GW.

However, grid constraints for self-consumption units (formally, unlicensed power plants) may slow solar energy growth, the authors warned. The plan is to resolve the issue through capacity allocations for the segment. The increasing prevalence of renewable and hybrid power plants with storage will enhance system flexibility, SHURA added.

Electricity decarbonization plan costs USD 15 billion per year

Just transition plans for coal regions are critical, the think tank said. It estimated that decarbonizing the electricity sector by 2053 would require an average annual investment of USD 15 billion.

Decisions regarding fossil fuels made for security of supply reasons must be more carefully balanced with the net zero target, SHURA stressed. Temporary solutions risk creating a permanent deadlock, it underscored.

Focus switching to grid, flexibility

Turkey has reached a critical juncture in its energy transformation, according to the update. The authors commended the rise in capacity and new tenders and investments. Nevertheless, they claim the pace cannot be sustained without strengthening the grid, flexibility and implementation capacity, while implying expansion in storage, electrification and financing.

In the view of SHURA’s Steering Committee Chair Selahattin Hakman, energy transition should no longer be considered solely as a topic of climate policy, but rather in conjunction with geopolitical developments, security and economic resilience. Clean energy investments, particularly in solar and wind power, continue to grow despite increasing global uncertainties, he noted.

“In this new era, energy transition is defined at the intersection of geopolitical independence, economic resilience and social justice. Energy policies have transcended the boundaries of the environment and have become central to foreign policy, industrial strategy and trade policies,” Hakman stated.

Post Views:135
January 20, 2026
by in News

Renewables account for 99% of Turkey’s net electricity capacity additions

Electricity capacity in Turkey reached 122 GW in 2025, of which 62% was from renewable sources, according to the SHURA Energy Transition Center. Photovoltaics grew by 4.9 GW, compared to 1.7 GW in the wind power segment. Renewables made up 99% of the net additions, amounting to 6.3 GW, the think tank calculated. This year, however, the first unit of the Akkuyu nuclear power plant is scheduled to come online, adding 1.2 GW.

Gross electricity production in Turkey increased 2% last year, to 360 TWh, the SHURA Energy Transition Center estimated in a new report. The share of renewables dropped to 44.1% from 46%. Namely, hydropower output is on a downward trajectory, due to droughts. Wind, solar and geothermal power rallied to 24.6%, though. Photovoltaics and wind power together surpassed 20%.

Renewables continue to dominate the sector’s development, accounting for 99% of the overall 6.3 GW in net additions, the think tank calculated. The total reached 122 GW. Renewable sources made up 62%, compared to 59.7% in 2024.

Solar power surged by 4.9 GW and the wind power capacity jumped by 1.7 GW, while the natural gas item declined by 684 MW.

Importantly, the picture is about to change, as the first, 1.2 GW reactor in Akkuyu, Turkey’s first nuclear power plant, is scheduled to be commissioned this year. Coal plant projects remain dormant and uncertain.

Race to 2035 targets

Daily power consumption reached an all-time high of 1,244 GWh on July 29. SHURA attributed the record to cooling demand caused by rising temperatures.

To reach the 2035 targets, an average of 8 GW of combined solar and wind capacity must be commissioned each year. The high momentum is expected to continue in 2026, the report reads. The government aims to hit 120 GW altogether from the two technologies, against the current 40 GW.

However, grid constraints for self-consumption units (formally, unlicensed power plants) may slow solar energy growth, the authors warned. The plan is to resolve the issue through capacity allocations for the segment. The increasing prevalence of renewable and hybrid power plants with storage will enhance system flexibility, SHURA added.

Electricity decarbonization plan costs USD 15 billion per year

Just transition plans for coal regions are critical, the think tank said. It estimated that decarbonizing the electricity sector by 2053 would require an average annual investment of USD 15 billion.

Decisions regarding fossil fuels made for security of supply reasons must be more carefully balanced with the net zero target, SHURA stressed. Temporary solutions risk creating a permanent deadlock, it underscored.

Focus switching to grid, flexibility

Turkey has reached a critical juncture in its energy transformation, according to the update. The authors commended the rise in capacity and new tenders and investments. Nevertheless, they claim the pace cannot be sustained without strengthening the grid, flexibility and implementation capacity, while implying expansion in storage, electrification and financing.

In the view of SHURA’s Steering Committee Chair Selahattin Hakman, energy transition should no longer be considered solely as a topic of climate policy, but rather in conjunction with geopolitical developments, security and economic resilience. Clean energy investments, particularly in solar and wind power, continue to grow despite increasing global uncertainties, he noted.

“In this new era, energy transition is defined at the intersection of geopolitical independence, economic resilience and social justice. Energy policies have transcended the boundaries of the environment and have become central to foreign policy, industrial strategy and trade policies,” Hakman stated.

Post Views:97
January 15, 2026
by in News

Why CEE is one of most attractive regions for investment in new energy projects

Munir Hassan and Thomas Hamerl, partners in CMS’s world-leading energy practice, discussed the most significant developments in the renewable energy market for 2026 with Balkan Green Energy News.

There is great potential for early movers in the segments of battery storage and ancillary services, according to Munir Hassan, global head of the energy and climate change at CMS (London), and Thomas Hamerl, regional head of energy and climate change at CMS Vienna.

Interconnection and interoperability with the EU’s electricity market will enhance the region’s value for established producers and increase its attractiveness for new investors, they told Balkan Green Energy News.

Beyond grid availability and tariffs, potential investors in renewables and storage focus on the target country’s policy direction and the scalability of projects, Hassan and Hamerl explained.

Investors need advisors who are familiar with international contracts and can navigate local energy markets

Potential investors in renewables and storage do not just look for efficient support with time-sensitive grid availability and network tariffs. They appreciate legal advisors who are familiar with international contracts and can also navigate local energy markets. The current policy direction of the target country and the scalability of projects are more interesting than ever, Hassan and Hamerl asserted.

CMS’s regional footprint and its global network enable it to share expertise across jurisdictions, and its local teams contribute to regulatory initiatives. With over 70 offices worldwide, including 17 offices in CEE region, CMS supports renewable energy developers and investors. The global law firm follows policy developments that are shifting from saturated markets to the CEE region, with the aim of applying best practices and overcoming challenges and bottlenecks beforehand.

Speaking to Balkan Green Energy News, Hassan and Hamerl said companies should ride the investment wave and use opportunities as legal frameworks in Southeast Europe and the wider CEE region are advancing rapidly and opening new market segments.

At CMS’s traditional annual CEE Energy Conference (CEE Energy Conference 2025), held in London in October 2025, most investors were seriously considering to add energy storage to power plants and PPAs for industrial customers.

Data center projects are adding to demand growth in green electricity

Hassan pointed to digital infrastructure as the main driver of demand, even more in SEE than the rest of the CEE region, alongside the decommissioning of coal and gas-fired power plants.

Things are starting to move with data center projects in Slovenia, Croatia and Austria, for example, Hamerl stressed.

“Usually, data center developers are international and well-experienced, bringing technical and commercial know-how. These need not be only global hyperscalers such as Amazon, Google and Microsoft. Smaller data centre operators and telecom companies are strengthening their presence in CEE. They may all seek out the expertise and networks of local infrastructure developers,” he added.

CMS is involved in major projects throughout Southeast Europe

The changes are spurring the need for more resilience in the energy sphere and national sources. It is one of the factors behind the nuclear energy program in Poland, for shielding against geopolitical shocks, according to Hassan.

There are also nuclear power projects in Romania, including an advanced one for a small modular reactor (SMR) system, and Bulgaria, and CMS is involved in all of them. It has also contributed to deals for the giant Vifor wind power endeavor in Romania. Slovenia and Serbia are next.

Financing through debt could contribute to nuclear energy and interconnector projects

Hassan said there is a notable appetite for debt financing in CEE and suggested that the model could contribute to nuclear projects including the ones for SMRs.

“Another relevant development that we see is the development of electricity networks and even interconnectors. There’s a lot of private capital that’s looking to build electricity grids in Southeast Europe and Central and Eastern Europe. But the regimes there are designed for the existing system operators to develop these projects. The difficulty, like here in the UK and other parts of the world, is that they are unable to deliver the infrastructure quickly because they don’t have the resources and financial capability,” he asserted.

Western Europe is comfortable with the idea that private companies can own and run such assets, Hassan underscored and added that transmission upgrades in general could be financed the same way. But TSOs would typically take ownership of transmission system infrastructure including interconnectors.

EU funds would have better effect as loan guarantees

Among the investment appeal factors in CEE, Hassan highlighted the grants via the European Union’s Modernization Fund and Recovery and Resilience Facility (RRF).

“Those sorts of funds are very, very important. I think the governments need to find smart ways of effectively using that money to help create conditions in which you can get private international investment into the region, rather than simply as grant funding. If you give it as a way of, let’s say, underwriting debt, in case there’s a risk issue, that’s a better way, that kind of multiplier effect,” he stressed.

Knowhow for navigating legal frameworks in emerging market segments in CEE

The United Kingdom and other parts of Western Europe are experiencing growth of the markets for new system support services. Southeast Europe and Central and Eastern Europe may follow soon. For instance, Austria is about to introduce a capacity market. Serbia is rolling out an ancillary services market in January 2026, enabling a potential revenue stream for standalone battery energy storage systems (BESS).

“It’s not a mature market yet, but market entrants with the required experience and knowhow, will find a lot of possibilities in the region. If you want to be a first mover or an early mover, you must go there now,” said Hamerl. He added it is an opportunity for battery storage, to support the grid through the flexibility market or frequency restoration and new kinds of services, instead of just arbitrage.

It is much more expensive to expand the power grid than to use energy storage capacity available in the market

Regulatory frameworks are either in place or will very soon be in place, Hamerl noted.

“Batteries play an important role in supporting the grids and saving money because building new grids is always much more expensive than storage capacity in the market. I still see a long way to go for alternatives to batteries,” he said.

The fact is that it takes several years to build a pumped storage hydropower plant, while hydrogen and ammonia production and distribution infrastructure are not sufficiently developed yet.

Photovoltaics, BESS in sharply upward trajectory

Locations for photovoltaics in Southeast Europe are much better than in most parts of Europe, Hamerl underscored, adding that the coastal areas are particularly favorable for wind power.

For instance, experts predict the total operational solar and wind capacity in Montenegro to reach 400 MW by the end of this year. For Croatia, RES generation capacity is expected to increase from 4.7 GW in 2025 to almost 12 GW by 2040.

In Bulgaria, PV capacity jumped fivefold since 2019, to 5 GW, the law firm pointed out and emphasized the surge in both co-located and standalone BESS as well. Forecasts see the segment, currently at 600 MW, to hit 5 GW by the middle of 2026.

CMS Sofia has advised on more than 50% of all installed renewable energy capacities in Bulgaria. One of the clients, Renalfa IPP, has an investment program worth EUR 1.2 billion, involving 1.6 GW in electricity generation assets and 3.3 GWh of battery storage in Bulgaria, Romania, Hungary and North Macedonia.

CMS helping optimize regulations to suit governments as well as investors

There are obviously differences in every country of Central and Eastern Europe, but there are similarities drawing investors into the region, according to Hassan.

“They want to see the revenue risk is dealt with, the technical risks are dealt with, the political risk is kind of dealt with, et cetera. So our job as lawyers is to help people understand the frameworks, but also our local teams are helping to design some of these frameworks. To that extent, we can try and design them upfront in a way that achieves not only what the countries want, the governments want, but also what the international investors will be looking for,” he asserted.

The most important factors for investors are a clear direction of law making and scalability

In his view, the most important factors are a clear direction of lawmaking and regulation – strong policy backing, and scalability, in the sense that a company can do many more projects on the back of the first one.

Hamerl said that the waiting time for grid connection remains one of the most important elements, together with network charges. Investors seek stable grid fees or at least clarity about the pace and way of growth, he stressed.

“They are always asking us about the stability of the grid and the grid usage charges. However, in some markets there is a diversity of federal, provincial, and  local laws requiring different permits. Investors ask themselves in which province it is possible to obtain permits in time. Zoning and spatial planning is crucial too. For most of our clients, it’s nice to get subsidies, but those other issues are more important,” Hamerl asserted.

Post Views:136
January 13, 2026
by in News

Why CEE is one of most attractive regions for investment in new energy projects

Munir Hassan and Thomas Hamerl, partners in CMS’s world-leading energy practice, discussed the most significant developments in the renewable energy market for 2026.

There is great potential for early movers in the segments of battery storage and ancillary services, according to Munir Hassan, global head of the energy and climate change at CMS (London), and Thomas Hamerl, regional head of energy and climate change at CMS Vienna.

Interconnection and interoperability with the EU’s electricity market will enhance the region’s value for established producers and increase its attractiveness for new investors, they told Balkan Green Energy News.

Beyond grid availability and tariffs, potential investors in renewables and storage focus on the target country’s policy direction and the scalability of projects, Hassan and Hamerl explained.

Investors need advisors who are familiar with international contracts and can navigate local energy markets

Potential investors in renewables and storage do not just look for efficient support with time-sensitive grid availability and network tariffs. They appreciate legal advisors who are familiar with international contracts and can also navigate local energy markets. The current policy direction of the target country and the scalability of projects are more interesting than ever, Hassan and Hamerl asserted.

CMS’s regional footprint and its global network enable it to share expertise across jurisdictions, and its local teams contribute to regulatory initiatives. With over 70 offices worldwide, including 17 offices in CEE region, CMS supports renewable energy developers and investors. The global law firm follows policy developments that are shifting from saturated markets to the CEE region, with the aim of applying best practices and overcoming challenges and bottlenecks beforehand.

Speaking to Balkan Green Energy News, Hassan and Hamerl said companies should ride the investment wave and use opportunities as legal frameworks in Southeast Europe and the wider CEE region are advancing rapidly and opening new market segments.

At CMS’s traditional annual CEE Energy Conference (CEE Energy Conference 2025), held in London in October 2025, most investors were seriously considering to add energy storage to power plants and PPAs for industrial customers.

Data center projects are adding to demand growth in green electricity

Hassan pointed to digital infrastructure as the main driver of demand, even more in SEE than the rest of the CEE region, alongside the decommissioning of coal and gas-fired power plants.

Things are starting to move with data center projects in Slovenia, Croatia and Austria, for example, Hamerl stressed.

“Usually, data center developers are international and well-experienced, bringing technical and commercial know-how. These need not be only global hyperscalers such as Amazon, Google and Microsoft. Smaller data centre operators and telecom companies are strengthening their presence in CEE. They may all seek out the expertise and networks of local infrastructure developers,” he added.

CMS is involved in major projects throughout Southeast Europe

The changes are spurring the need for more resilience in the energy sphere and national sources. It is one of the factors behind the nuclear energy program in Poland, for shielding against geopolitical shocks, according to Hassan.

There are also nuclear power projects in Romania, including an advanced one for a small modular reactor (SMR) system, and Bulgaria, and CMS is involved in all of them. It has also contributed to deals for the giant Vifor wind power endeavor in Romania. Slovenia and Serbia are next.

Financing through debt could contribute to nuclear energy and interconnector projects

Hassan said there is a notable appetite for debt financing in CEE and suggested that the model could contribute to nuclear projects including the ones for SMRs.

“Another relevant development that we see is the development of electricity networks and even interconnectors. There’s a lot of private capital that’s looking to build electricity grids in Southeast Europe and Central and Eastern Europe. But the regimes there are designed for the existing system operators to develop these projects. The difficulty, like here in the UK and other parts of the world, is that they are unable to deliver the infrastructure quickly because they don’t have the resources and financial capability,” he asserted.

Western Europe is comfortable with the idea that private companies can own and run such assets, Hassan underscored and added that transmission upgrades in general could be financed the same way. But TSOs would typically take ownership of transmission system infrastructure including interconnectors.

EU funds would have better effect as loan guarantees

Among the investment appeal factors in CEE, Hassan highlighted the grants via the European Union’s Modernization Fund and Recovery and Resilience Facility (RRF).

“Those sorts of funds are very, very important. I think the governments need to find smart ways of effectively using that money to help create conditions in which you can get private international investment into the region, rather than simply as grant funding. If you give it as a way of, let’s say, underwriting debt, in case there’s a risk issue, that’s a better way, that kind of multiplier effect,” he stressed.

Knowhow for navigating legal frameworks in emerging market segments in CEE

The United Kingdom and other parts of Western Europe are experiencing growth of the markets for new system support services. Southeast Europe and Central and Eastern Europe may follow soon. For instance, Austria is about to introduce a capacity market. Serbia is rolling out an ancillary services market in January 2026, enabling a potential revenue stream for standalone battery energy storage systems (BESS).

“It’s not a mature market yet, but market entrants with the required experience and knowhow, will find a lot of possibilities in the region. If you want to be a first mover or an early mover, you must go there now,” said Hamerl. He added it is an opportunity for battery storage, to support the grid through the flexibility market or frequency restoration and new kinds of services, instead of just arbitrage.

It is much more expensive to expand the power grid than to use energy storage capacity available in the market

Regulatory frameworks are either in place or will very soon be in place, Hamerl noted.

“Batteries play an important role in supporting the grids and saving money because building new grids is always much more expensive than storage capacity in the market. I still see a long way to go for alternatives to batteries,” he said.

The fact is that it takes several years to build a pumped storage hydropower plant, while hydrogen and ammonia production and distribution infrastructure are not sufficiently developed yet.

Photovoltaics, BESS in sharply upward trajectory

Locations for photovoltaics in Southeast Europe are much better than in most parts of Europe, Hamerl underscored, adding that the coastal areas are particularly favorable for wind power.

For instance, experts predict the total operational solar and wind capacity in Montenegro to reach 400 MW by the end of this year. For Croatia, RES generation capacity is expected to increase from 4.7 GW in 2025 to almost 12 GW by 2040.

In Bulgaria, PV capacity jumped fivefold since 2019, to 5 GW, the law firm pointed out and emphasized the surge in both co-located and standalone BESS as well. Forecasts see the segment, currently at 600 MW, to hit 5 GW by the middle of 2026.

CMS Sofia has advised on more than 50% of all installed renewable energy capacities in Bulgaria. One of the clients, Renalfa IPP, has an investment program worth EUR 1.2 billion, involving 1.6 GW in electricity generation assets and 3.3 GWh of battery storage in Bulgaria, Romania, Hungary and North Macedonia.

CMS helping optimize regulations to suit governments as well as investors

There are obviously differences in every country of Central and Eastern Europe, but there are similarities drawing investors into the region, according to Hassan.

“They want to see the revenue risk is dealt with, the technical risks are dealt with, the political risk is kind of dealt with, et cetera. So our job as lawyers is to help people understand the frameworks, but also our local teams are helping to design some of these frameworks. To that extent, we can try and design them upfront in a way that achieves not only what the countries want, the governments want, but also what the international investors will be looking for,” he asserted.

The most important factors for investors are a clear direction of law making and scalability

In his view, the most important factors are a clear direction of lawmaking and regulation – strong policy backing, and scalability, in the sense that a company can do many more projects on the back of the first one.

Hamerl said that the waiting time for grid connection remains one of the most important elements, together with network charges. Investors seek stable grid fees or at least clarity about the pace and way of growth, he stressed.

“They are always asking us about the stability of the grid and the grid usage charges. However, in some markets there is a diversity of federal, provincial, and  local laws requiring different permits. Investors ask themselves in which province it is possible to obtain permits in time. Zoning and spatial planning is crucial too. For most of our clients, it’s nice to get subsidies, but those other issues are more important,” Hamerl asserted.

January 4, 2026
by in News

Turkey to launch carbon market, sign deals for large renewables projects in 2026

Turkey will launch a national carbon trade market, sign intergovernmental agreements on large-scale renewable energy projects and connect 2,000 MW of energy storage to the grid in 2026. These moves will be accompanied by the historic start of electricity production at the country’s first nuclear power plant Akkuyu, and a doubling of domestic natural gas production from the Sakarya field.

These developments represent the core of the 2026 vision for energy and mining in Turkey, revealed by Minister of Energy and Natural Resources Alparslan Bayraktar.

Large-scale projects will be launched next year through intergovernmental agreements, he stressed.

The deals include solar and other renewable energy technologies and storage, Bayraktar explained.

According to the minister, Turkey remains committed to its emission reduction targets. The government plans to launch a carbon trade center and market in 2026 within the Energy Exchange Istanbul (EXIST or EPİAŞ), he said.

Of note, Turkey’s imports of a group of goods and electricity to the European Union will be subject to the CBAM carbon border tax from January 1, 2026.

Energy storage facilities totaling 2,000 MW will be commissioned in 2026

Bayraktar recalled that the country issued permits for the installation of an overall 33,500 MW of energy storage. A very small portion has been implemented so far, but 2,000 MW will be commissioned in 2026, he underlined.

The minister said Turkey is considering the introduction of Storage Resources Zones or Depolama Alanları (DEKA) in 2026.

It would be similar to Renewable Energy Zones mechanism – REZ or YEKA – for support for solar and wind projects.

Bayraktar mentioned that a 5,000 MW solar power arrangement with Saudi Arabia-based ACWA is being discussed. Of note, it is equivalent to between 30% and 40% of Turkey’s current photovoltaic capacity.

Locations for the 2,000 MW solar project are in Sivas and Taşeli

He expressed belief that the agreement for the first phase, which envisages 2,000 MW, would be finalized in the first quarter of 2026. The plan is for 1,000 MW in Sivas and 1,000 MW in Taşeli.

A solar-plus-storage project with another company from a different country in the Persian Gulf is also under consideration, Bayraktar revealed. The investment is estimated at EUR 1.5 billion to EUR 2 billion.

A floating solar power plant of about 3,000 MW will be built as soon as possible, according to Bayraktar

In Bayraktar’s view, there is great potential in floating solar power plants. The country intends to implement a floating solar power plant of about 3,000 MW as soon as possible, the minister underlined.

The partners in this endeavour could be private companies or Turkish government-controlled Electricity Generation Corp. (EÜAŞ), the minister said. He claimed significant plans have been developed for offshore wind projects for 2026.

“We are considering a model similar to YEKA for offshore wind,” he added.

Russia to provide USD 9 billion for Akkuyu

turkey 2026 vision energy Alparslan Bayraktar brifing
Photo: Ministry of Energy and Natural Resources

The Akkuyu project is entering its final stages, according to the minister.

The country secured a USD 9 billion financing package from Russia for the investment, of which USD 4 billion to USD 5 billion is intended to be drawn in 2026.

Simultaneously, the ministry is in talks with South Korea, the US, China, and Russia for nuclear projects in Sinop and Thrace.

The Sakarya gas field is expected to double its current output in 2026, to 7.5 billion cubic meters, Bayraktar underscored.

This surge will prevent approximately USD 3.2 billion in energy imports, he explained.

Post Views:116
January 1, 2026
by in News

Turkey to launch carbon market, sign deals for large renewables projects in 2026

Turkey will launch a national carbon trade market, sign intergovernmental agreements on large-scale renewable energy projects and connect 2,000 MW of energy storage to the grid in 2026. These moves will be accompanied by the historic start of electricity production at the country’s first nuclear power plant Akkuyu, and a doubling of domestic natural gas production from the Sakarya field.

These developments represent the core of the 2026 vision for energy and mining in Turkey, revealed by Minister of Energy and Natural Resources Alparslan Bayraktar.

Large-scale projects will be launched next year through intergovernmental agreements, he stressed.

The deals include solar and other renewable energy technologies and storage, Bayraktar explained.

According to the minister, Turkey remains committed to its emission reduction targets. The government plans to launch a carbon trade center and market in 2026 within the Energy Exchange Istanbul (EXIST or EPİAŞ), he said.

Of note, Turkey’s imports of a group of goods and electricity to the European Union will be subject to the CBAM carbon border tax from January 1, 2026.

Energy storage facilities totaling 2,000 MW will be commissioned in 2026

Bayraktar recalled that the country issued permits for the installation of an overall 33,500 MW of energy storage. A very small portion has been implemented so far, but 2,000 MW will be commissioned in 2026, he underlined.

The minister said Turkey is considering the introduction of Storage Resources Zones or Depolama Alanları (DEKA) in 2026.

It would be similar to Renewable Energy Zones mechanism – REZ or YEKA – for support for solar and wind projects.

Bayraktar mentioned that a 5,000 MW solar power arrangement with Saudi Arabia-based ACWA is being discussed. Of note, it is equivalent to between 30% and 40% of Turkey’s current photovoltaic capacity.

Locations for the 2,000 MW solar project are in Sivas and Taşeli

He expressed belief that the agreement for the first phase, which envisages 2,000 MW, would be finalized in the first quarter of 2026. The plan is for 1,000 MW in Sivas and 1,000 MW in Taşeli.

A solar-plus-storage project with another company from a different country in the Persian Gulf is also under consideration, Bayraktar revealed. The investment is estimated at EUR 1.5 billion to EUR 2 billion.

A floating solar power plant of about 3,000 MW will be built as soon as possible, according to Bayraktar

In Bayraktar’s view, there is great potential in floating solar power plants. The country intends to implement a floating solar power plant of about 3,000 MW as soon as possible, the minister underlined.

The partners in this endeavour could be private companies or Turkish government-controlled Electricity Generation Corp. (EÜAŞ), the minister said. He claimed significant plans have been developed for offshore wind projects for 2026.

“We are considering a model similar to YEKA for offshore wind,” he added.

Russia to provide USD 9 billion for Akkuyu

turkey 2026 vision energy Alparslan Bayraktar brifing
Photo: Ministry of Energy and Natural Resources

The Akkuyu project is entering its final stages, according to the minister.

The country secured a USD 9 billion financing package from Russia for the investment, of which USD 4 billion to USD 5 billion is intended to be drawn in 2026.

Simultaneously, the ministry is in talks with South Korea, the US, China, and Russia for nuclear projects in Sinop and Thrace.

The Sakarya gas field is expected to double its current output in 2026, to 7.5 billion cubic meters, Bayraktar underscored.

This surge will prevent approximately USD 3.2 billion in energy imports, he explained.

Post Views:90
October 30, 2025
by in News

France, Slovenia sign declaration on nuclear energy

Slovenia and France have signed a declaration on cooperation in the nuclear energy sector. The document was signed during French President Emmanuel Macron’s visit to Slovenia.

Slovenia has been developing a project to build a new unit at the Krško nuclear power plant for several years. In early September, the project’s developer, GEN Energija, said that three reactor projects offered by EDF and Westinghouse had been assessed as technically feasible for the site of the future Krško 2 nuclear power plant.

According to the Slovenia Times, Macron and Slovenian Prime Minister Robert Golob committed to closer cooperation between the two countries, particularly in the economy and energy.

 Golob: France is a European nuclear power

The two countries signed an agreement on cooperation in the field of education and a declaration of intent to establish long-term cooperation in the nuclear energy sector.

According to Golob, France is a European nuclear power that is building its carbon-free future based on the development of this energy source. There is good cooperation between experts from the two countries, he recalled at a joint press conference in Slovenia’s capital, Ljubljana, stressing that the declaration opens up new opportunities.

Golob said he is convinced that between two equally qualified bidders for Krško 2, Slovenia will be able to choose the solution that best serves its long-term interests and that gives regional importance to the project.

The potential new power plant is not intended only for Slovenia

Krško 1 was built using US technology, but Golob also sees certain advantages in the French bidder, EDF. He revealed that the potential new power plant is not intended only for Slovenia, but would also enable Southeastern Europe to meet a significant portion of its electricity needs.

In October 2024, Slovenia canceled a referendum on building its second nuclear unit. However, GEN Energija continued to develop the project.

In July this year, the Ministry of Natural Resources and Spatial Planning initiated the preparation of a spatial plan for the second unit of the Krško nuclear power plant and invited the public to submit comments.

Post Views:98
October 16, 2025
by in News

UPDATE: CEO Dejan Paravan leaving Slovenian state-owned GEN energija

CEO of Slovenian state-owned energy utility GEN energija Dejan Paravan has resigned. According to a news report, he is joining NGEN, but the company still didn’t comment on the speculation.

GEN energija, which is developing a project for Slovenia’s second nuclear power plant, is about to appoint a new CEO. After necenzurirano.si reported that Dejan Paravan, the current head of the government-controlled energy company, has quit, the supervisory board officially acknowledged that he submitted his resignation on October 10.

The news website also learned that he would assume a position at privately owned NGEN, which didn’t issue any statements yet on the matter. The same media outlet later wrote that Paravan has agreed to step down at the end of November.

Nada Drobne Popović and Bruno Glaser, the other two members of the board, allegedly offered their resignations and they were rejected.

Paravan has been a close associate of Prime Minister Robert Golob for two decades. The government appointed him as CEO in October 2022.

GEN energija holds the Slovenian half of the Krško nuclear power plant (NEK or, in Slovenian, JEK), and owns hydropower plant operators Savske elektrarne Ljubljana (SEL) and Hidroelektrarne na Spodnji Savi (HESS), and the Brestanica gas-fired power plant.

GEN-I, which was co-founded by Prime Minister Golob, is also part of GEN Group. He was the firm’s CEO until 2021.

As GEN energija’s chief, Paravan is responsible for the NEK 2 (JEK 2) project, for another nuclear power plant. The investment is valued at between EUR 9 billion and EUR 16 billion.

A referendum was scheduled about the proposal, but the National Assembly canceled the vote a year ago.

NGEN builds and operates battery energy storage systems (BESS), and develops software and hardware for running decentralized systems, cybersecurity and access to all segments of the energy market.

Of note, both Dejan Paravan and Co-Founder and CEO of NGEN Group Roman Bernard spoke at this year’s Belgrade Energy Forum (BEF 2025), organized by Balkan Green Energy News.

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September 26, 2025
by in News

Bulgaria to start talks with developers of small modular reactors

Bulgaria should discuss the possibility of installing small modular reactors on its territory with companies developing the technology, according to Minister of Energy Zhecho Stankov. In his view, it is a logical step after the country signed a memorandum of understanding with the United States on nuclear energy and assistance in preliminary studies.

Minister of Energy of Bulgaria Zhecho Stankov said that during his forthcoming visit to Ontario, Canada, he is going to a site where the first four small modular reactors (SMRs) are being built. Last week, he signed a memorandum of understanding with United States Secretary of Energy Chris Wright reaffirming the objectives of the bilateral agreement to strengthen cooperation in civil nuclear energy use.

Bulgaria’s government considers the SMR technology a tool for long-term stability, predictability and affordable low-emission electricity production.

“After signing a joint statement last week with the US Secretary of Energy Chris Wright on that country’s assistance for sites on Bulgarian territory for small modular reactors – it is a new, modern technology, very flexible, which attracts investments in data centers and artificial intelligence centers – the normal next step for the Bulgarian side is to start talks with potential companies that develop this type of technology,” Stankov told reporters in New York City.

US to assist Bulgaria in prefeasibility studies

The memorandum envisages cooperation in the development and deployment of innovative technologies for nuclear reactors, aimed at enhancing Bulgaria’s economic security and energy resilience with the support of the US Department of Energy’s Office of Nuclear Energy.

Minister Stankov called for regional cooperation to reduce vulnerabilities and form a sustainable energy market

The Balkan country would benefit from the expertise of US laboratories in conducting preliminary studies of the feasibility and suitability of potential sites for the deployment of small modular reactors. The US Trade and Development Agency has said it is prepared to fund the assessment of SMR technologies to identify the ones most adequate for Bulgaria, the ministry added.

Speaking in New York City, Stankov also outlined the priorities – new energy corridors, investments in green energy and balancing capacities including pumped storage hydropower plants and battery energy storage systems (BESS), the projects for units 7 and 8 at the Kozloduy nuclear power plant, and regional cooperation for reducing vulnerabilities and forming a sustainable energy market.

Prime Minister Zhelyazkov endorses both rival projects for electricity corridors

Notably, Prime Minister Rosen Zhelyazkov said that he spoke with President of Azerbaijan Ilham Aliyev about the supply of green energy from the Caspian region to Europe. The plans involve 6 GW from Azerbaijan or, potentially, 10 GW if Kazakhstan and Turkmenistan are involved, he added

The proposed subsea power interconnector under the Black Sea is increasingly realistic and so is an onshore corridor from Armenia and Georgia through Turkey, according to Zhelyazkov.

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September 22, 2025
by in News

Serbia in talks with Rosatom on nuclear power plant project

Serbian authorities and Rosatom have begun talks on the nuclear power plant construction project, according to the Ambassador of Serbia to Russia Momčilo Babić.

Serbia recently completed the preliminary technical study on the peaceful use of nuclear energy in the country. However, the country is still a long way away from the potential construction of a nuclear power plant, according to Minister of Mining and Energy of Serbia Dubravka Đedović Handanović.

So far, Serbia has established contacts or started cooperation on nuclear energy with China, France, Russia, Slovenia, South Korea, and the United States.

Serbia is seriously discussing the issue with Rosatom, the country’s Ambassador to Russia Momčilo Babić told Izvestia.

Babić: There’s no better company than Rosatom

He underlined that there’s no better company in the world to build a nuclear power plant. Babić is confident that there will be progress in the coming years, as he argues that Serbia needs electricity. The country will “do it anyway,” the ambassador added.

According to Igor Yushkov, an expert at the Financial University and the National Energy Security Fund, it is possible that Russia will also provide Belgrade with a preferential loan, in line with its standard practice.

Nuclear energy is experiencing a global renaissance, and the states created after the Socialist Federal Republic of Yugoslavia fell apart in the early 1990s are no exception.

US-based nuclear power startup Aalo has begun the construction of an extra-modular reactor, a type of modular reactor, which could introduce big changes in the sector.

Everyone wants to build a nuclear power plant

As for Europe, Germany has changed its mind on nuclear energy in the continent, agreeing with France to work together on shaping a common European energy policy. The strategy would include nuclear power as a low-carbon energy source.

Slovenian authorities are developing the Krško 2 project. A few days ago, news emerged that the country sent an official proposal to Croatia to jointly build the facility. However, Slovenia denied that it has made such an offer.

Croatia, on the other hand, reiterated that it is interested in building a nuclear power plant on its territory.

Serbia has recently signed a memorandum of understanding on cooperation in the field of nuclear energy with South Korean company Korea Hydro & Nuclear Power.

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